{"id":1592,"date":"2021-04-13T11:31:37","date_gmt":"2021-04-13T09:31:37","guid":{"rendered":"https:\/\/www.ocergy.com\/?p=1592"},"modified":"2023-10-20T13:49:00","modified_gmt":"2023-10-20T11:49:00","slug":"ocergy-concludes-its-series-a-fund-raising","status":"publish","type":"post","link":"https:\/\/www.ocergy.com\/ja\/ocergy-concludes-its-series-a-fund-raising","title":{"rendered":"Ocergy concludes its Series A Fund Raising"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text el_class=”overtitle”]Press release: Ocergy concludes its Series A Fund Raising[\/vc_column_text][vc_column_text el_class=”bloc-text”]Ocergy successfully concludes its Series A equity fundraising round with investments from Moreld Ocean Wind and Chevron Technology Ventures;<\/strong>
\npositions the company for growth in the Offshore Wind Space<\/strong><\/p>\n

Carson City, NV, April 13, 2021 \u2013 Ocergy, Inc,\u00a0\u00a0announced it has secured investments from Moreld Ocean Wind (MOW) and Chevron Technology Ventures (CTV).\u00a0\u00a0The Series A round will fund Ocergy\u2019s growth and the commercialization of its sustainable offshore solutions, the OCG-Wind Floating Offshore Wind Turbine (FOWT) technology and OCG-Data environmental monitoring buoy.
\nSuccessful\u00a0\u00a0close of this round validates the industry\u2019s potential to grow offshore renewable energy. Ocergy\u2019s low-cost floating offshore wind turbine foundation has the potential to meet local supply chain and industrialization requirements with clear value, and the OCG-Data buoy technology enables integrated environmental data-gathering and support for biodiversity.<\/p>\n

\u201cWe are delighted about this partnership as it will allow Ocergy to advance and commercialize its innovative technologies,\u201d said Ocergy CEO Dominique Roddier. \u201cWith MOW onboard we gain a trusted partner who will be able to provide an EPCI solution for OCG-Wind, a key requirement for many of our clients. We are excited to have gained Chevron\u2019s investment, and look forward to potential opportunities for their guidance and expertise executing some of the most complex offshore projects in the world,\u201d said Roddier.
\nChevron Technology Ventures has a 22-year history of investing in startups across a wide cross section of energy innovation and a track record of collaboration to bring innovation to scale. The Ocergy investment is made from CTV\u2019s Future Energy Fund which identifies technology solutions needed for the energy transition including, industrial decarbonization, emerging mobility, and energy decentralization.<\/p>\n

\u201cOffshore wind power is undergoing a period of rapid innovation in an effort to provide lower carbon energy at a substantial scale,\u201d said Barbara Burger, Vice President, Innovation and President of Technology Ventures at Chevron. \u201cOcergy has developed technology that could be part of the solution to enable more affordable, reliable, and ever-cleaner energy in a marine environment.\u201d<\/p>\n

In addition to funding, Moreld today announces the formation of MOW, a company focused on delivery of engineering, procurement, construction, and installation (EPCI) contracts in the Floating Offshore Wind Industry. Moreld owns multiple companies active in the Offshore Wind Space, including Global Maritime, Vryhof, Apply, and Origo Solutions. Moreld\u2019s parent company, HitecVision, is a leading private equity investor in the European energy industry specializing in investments in renewable energy.
\nMOW has recently hired industry veteran Kristian Ravn to serve as the company\u2019s CEO. Mr. Ravn has held multiple C-level management positions in companies executing both green and brown field projects.<\/p>\n

\u201cMOW will be the spearhead of our combined knowledge within the Moreld group of companies,\u201d said MOW CEO, Kristian Ravn. \u201cMOW will bring project execution and technical expertise to fully integrated and dedicated EPCI project teams to execute swiftly and flawlessly our EPCI contracts. Supported by our parent- and fellow subsidiary companies, MOW will be able to work with developers to ensure projects are delivered on schedule and on budget,\u201d said Ravn.<\/p>\n

This investment positions Ocergy as a potential leader in advancing floating offshore wind to successfully compete for gigawatt-scale commercial projects. The Cooperation Agreement signed between Ocergy and MOW provides a strong platform for executing commercial-scale projects for Ocergy\u2019s OCG-Wind solution worldwide. This partnership integrates one of the most promising low-cost FOWT technologies with the necessary EPCI leadership to develop a fully industrialized FOWT supply chain in all regions of the globe.<\/p>\n

\u201cClosing this investment in the midst of the Covid-19 pandemic demonstrates the importance for our industry in bringing innovative solutions to further lower the Floating Offshore Wind levelized cost of energy, while focusing on local supply chain and industrialization requirements\u201d, said Roddier.<\/p>\n

About Ocergy<\/strong>
\nOcergy is a technology company developing two sustainable offshore solutions:<\/p>\n